Author: Kameshwar Rao

SteelMint’s domestic steel scrap (end cutting) index has moved up to INR 40,500/t DAP Mandi Gobindgarh. Marginal improvement in semi-finished steel prices along with nominal shortage in melting scrap led to strengthening bids today. Today, 11 sets of trades, indicative prices/bids/offers were recorded in the publishing window. The Index also derives the HMS 80:20 scrap…